New York State Teachers Retirement System Sells 2,400 Shares of CSG Systems International, Inc. (NASDAQ:CSGS)

New York State Teachers Retirement System cut its holdings in shares of CSG Systems International, Inc. (NASDAQ:CSGS) by 5.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,345 shares of the technology company’s stock after selling 2,400 shares during the period. New York State Teachers Retirement System owned about 0.15% of CSG Systems International worth $2,266,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Cornercap Investment Counsel Inc. boosted its position in CSG Systems International by 39.8% during the third quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock valued at $513,000 after acquiring an additional 3,001 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of CSG Systems International during the 3rd quarter valued at about $294,000. Martingale Asset Management L P acquired a new stake in CSG Systems International during the third quarter worth approximately $866,000. Dean Investment Associates LLC increased its holdings in CSG Systems International by 116.1% in the third quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company’s stock worth $5,801,000 after purchasing an additional 64,066 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in CSG Systems International by 0.7% in the third quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company’s stock worth $33,039,000 after purchasing an additional 4,903 shares in the last quarter. 91.07% of the stock is owned by institutional investors.

CSG Systems International Stock Performance

CSG Systems International stock opened at $64.01 on Friday. CSG Systems International, Inc. has a twelve month low of $39.56 and a twelve month high of $65.53. The company has a quick ratio of 1.58, a current ratio of 1.46 and a debt-to-equity ratio of 1.88. The company has a market capitalization of $1.86 billion, a P/E ratio of 21.06, a PEG ratio of 1.68 and a beta of 0.89. The stock’s 50 day moving average is $55.77 and its 200 day moving average is $51.73.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.20. CSG Systems International had a return on equity of 39.42% and a net margin of 7.25%. On average, equities research analysts predict that CSG Systems International, Inc. will post 3.83 earnings per share for the current fiscal year.

CSG Systems International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.00%. The ex-dividend date is Wednesday, March 19th. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.30. CSG Systems International’s payout ratio is currently 39.47%.

Wall Street Analyst Weigh In

CSGS has been the topic of a number of research reports. Stifel Nicolaus boosted their target price on shares of CSG Systems International from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Royal Bank of Canada increased their price objective on shares of CSG Systems International from $58.00 to $69.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Cantor Fitzgerald boosted their target price on CSG Systems International from $64.00 to $72.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Benchmark reaffirmed a “buy” rating and set a $75.00 price target on shares of CSG Systems International in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company raised their price objective on CSG Systems International from $51.00 to $65.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $71.71.

CSG Systems International Profile

CSG Systems International, Inc, together with its subsidiaries, provides revenue management and digital monetization, customer experience, and payment solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers Advanced Convergent Platform, a private SaaS platform; and related solutions, including service technician management, analytics, electronic bill presentment, etc.